New York, NY (November 18, 2024) |
LoanStreet Inc. (“LoanStreet”), a leading provider of corporate and commercial loan servicing software, is pleased to announce League Savings and Mortgage (“LSM”) as a new client. LSM has chosen LoanStreet’s advanced loan servicing solution to streamline its commercial servicing and syndication operations, marking a significant step forward in its commitment to providing cutting-edge financial solutions to its dozens of partner credit unions.
By partnering with LoanStreet, LSM will leverage the platform’s robust, user-friendly features to automate and optimize its loan servicing and syndication. The platform offers a comprehensive suite of tools that support, among other features, borrower elections, event calendars, and financial covenant compliance. With an audit trail and document repository, the platform allows operations and asset management teams to easily track loan activity and compliantly scale a complex portfolio. “We are thrilled to welcome LSM to the LoanStreet family,” said Ian Lampl, CEO of LoanStreet. “Our software is designed to meet the evolving needs of the financial services industry, and we are confident that it will help LSM enhance the efficiency of their loan servicing and syndication while also providing superior service to their member credit unions.”
LSM’s decision to implement this platform reinforces its commitment to adopting forward-thinking solutions that support long-term growth. “We are excited to integrate LoanStreet’s software into our operations,” said Paul Masterson, President & CEO of LSM. “This partnership will allow us to better serve our credit unions with improved speed and accuracy, ultimately driving success for both our LSM and our partner depositories.”
With LSM joining its growing list of clients, LoanStreet continues to establish itself as a leader in commercial loan servicing software, providing an innovative solution that empower lenders to transparently service complex loan portfolios.
About LSM
Based in Halifax, Nova Scotia, League Savings and Mortgage (LSM) is a federally regulated, credit union-owned financial institution in Canada. LSM is overseen by the Office of the Superintendent of Financial Institutions (OSFI), has CDIC coverage, and is an approved issuer of mortgage-backed securities (MBS) through the Canada Mortgage and Housing Corporation (CMHC).
LSM provides financial services to credit unions, their members, and other clients across Canada. LSM’s primary offerings include mortgage and loan products, deposit accounts, and services for small and medium-sized businesses.
LSM currently holds $1 billion in assets and has an off-balance sheet portfolio of $3 billion mortgage-backed securities (MBS) issuances.